Wednesday, August 19, 2009

U.S. Postmaster "We cannot just sell stamps..."

According to the Dow Jones News Wire, the U.S. Postal Service is seeking permission from Congress to allow 30,000 post offices to offer banking and insurance products, renew drivers' licenses or sell pre-paid cellular telephone service, offsetting hits from the recession and a shift to electronic bill payment.

Reporter Judith Burns quotes U.S. Postmaster General John Potter (shown here) as saying at a Senate Homeland Security and Governmental Affairs subcommittee earlier this month, "We cannot just sell stamps in those outlets."

Judith writes,"While Potter stressed that the Postal Service hasn't spent a nickel exploring alternative businesses, he said it would do so if lawmakers lift a ban on non-postal business."

To read the entire article, click here.
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posted by Don Schilling at 12:01 AM